07 Dec 2019 | 10:13 AM

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COMPANYNEWS
Bajaj Finserv Q2 net profit up 18.33% at Rs 345.03 cr
  Bajaj Finserv Ltd. | 06 Dec 2019 | 03:45 PM
Published on 10-22-2019
The company reported standalone net profit of Rs 345.03 crore for the quarter ended September 30 2019 as compared to Rs 291.59 crore in the same period last year registering a year-on-year growth of 18.33 per cent.


Net revenue of the company rose moderately by 14.91 per cent at Rs 381.39 crore in July-September quarter of this fiscal as against Rs 331.91 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 1.04 per cent to Rs 36.28 crore from Rs 36.66 crore in year ago period.


Other Income grew by 22.05 per cent at Rs 9.63 crore versus (Sep`18 Rs 7.89 crore).


Operating Profit surged by 16.89 per cent to Rs 345.11 crore as against Rs 295.25 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 1.73 per cent in September quarter.


Taxation decreased by 17.08 per cent at Rs 9.27 crore (Sep`18 Rs 11.18 crore).